4 bed terraced house for sale

Heeley Road, Birmingham B29

Description

Oakmans Estate Agents are pleased to present this four-bedroom, two-bathroom investment property, ideally positioned within the highly sought-after student area of Selly Oak.

Arranged over two floors, this property offers an attractive opportunity for investors seeking a well-established rental investment in one of Birmingham’s most popular student locations. The property benefits from a full HMO licence and is compliant with the relevant requirements, making it an appealing prospect for both existing landlords and investors looking to expand their portfolios.

The property currently generates an annual rental income of £22,880.16, representing a gross yield of 6.7% at the asking price of £340,000. While currently let, the property is not yet secured for the 2027/28 academic year, providing an opportunity for an incoming investor to review the rental strategy and future letting arrangements.

The accommodation briefly comprises four bedrooms, two bathrooms, a kitchen and a separate lounge area, offering practical living space for multiple occupants.

A key feature of this property is its development potential, presenting an opportunity for investors to explore the scope for future improvements, subject to the necessary planning permissions, licensing requirements and any other relevant consents.

Situated in the heart of Selly Oak, the property is conveniently located close to the University of Birmingham, making it well positioned to appeal to the area's established student rental market.

Selly Oak offers a wide range of local amenities, including supermarkets, cafés, restaurants and retail outlets, alongside transport links providing access to Birmingham City Centre, the Queen Elizabeth Hospital and surrounding areas.

A compelling investment opportunity combining an established rental income, a fully licensed HMO and potential for future development in one of Birmingham’s recognised student rental locations. Early enquiry is highly recommended.

Location

Heeley Road sits within Selly Oak's long-established student heartland, a tightly packed residential pocket well used to shared student living.

The University of Birmingham is within easy reach, making this an extremely popular choice for students throughout the academic year.

Bus routes along the A38 provide regular connections for commuting students, linking the property conveniently to campus and the wider city.

Scan the qr code to see material information provided by the seller. Oakmans are not liable for any information provided and it must be verified by a legal representative.

Anti-money Laundering Checks (aml)

To meet our legal obligations under Anti-Money Laundering regulations and current hmrc guidance, we complete electronic identity and compliance checks for all buyers. This includes verifying proof of funds and, where required, the source of those funds.

A one-off fee of £100 + VAT applies to the first buyer, with a reduced fee of £50 + VAT for each additional buyer. Where gifted funds are being used, identity verification for each gift donor is £30 + VAT.
These checks help protect everyone involved in the transaction and are completed once an offer has been accepted, before the memorandum of sale is issued.

Please note: Some images have been ai-enhanced to remove personal belongings and may differ from the property’s current appearance. We cannot be held responsible for any discrepancies, and applicants must view the property in person before making any decisions